Krypto Fraxtal Chicken (KFC) is the first community-driven meme coin launched on Fraxtal. ^[1]

Overview

Krypto Fraxtal Chicken is the first memecoin tailored for the Frax community, centered around the concept of "Chicken." It provides a fair launch experience and aims to connect with members authentically, representing shared humor, spirit, and unity. ^[2]

Tokenomics of Krypto Fraxtal Chicken(KFC) token

During the Mint War, users could mint an unlimited number of times. Each successful mint earned a certain number of Points, which determined the share of the total KFC. Points were calculated using the formula: Point = Amount of frxETH spent / Probability. This meant that regardless of the amount spent and the chosen probability, successful mints yielded equal quantities of KFC. Mints operated like lotteries, with users free to select their preferred probability; lower probabilities corresponded to higher potential payouts. There were no refunds for fees lost in a mint within a block; these fees were instead added to the AMM pool on Fraxswap. After the minting event ended, all successfully minted KFC became available for claiming. 90% of collected minting fees were paired with the remaining 50% of KFC tokens and added to the KFC/frxETH AMM pool on Fraxswap, while the remaining 10% was used for website maintenance and infrastructure. The Mint War took place from March 8th, 2024 to March 10th, 2024. ^[2]

7up

7up is a meme coin introduced by KFC on the Fraxtal platform in partnership with Frax Finance. It aims to showcase a fair launch model emphasizing transparency, enjoyment, and potential profitability. Notably, there are no premined tokens, no team reserves, and the liquidity pool has been burnt. ^[3]

Tokenomics of 7up token

During the Mint War for 7up tokens, 50% of the total supply was distributed among participants. Of this, 40% was allocated based on individual points relative to the total, and 10% was evenly airdropped to select users. The remaining 50% was split: 25% for a liquidity pool and 25% burned. The opening price of 7up was roughly double the average mint price. Users earned points by minting, with 1 point awarded per frxETH spent. Rankings were based on points, with tiebreakers determined by the time of interaction with the Mint War contract. Participants could mint multiple times to improve their rankings. Users included those in the top 10 and those with rankings ending in 7. Only those with at least 0.1 points were eligible for the lucky airdrop. The Mint War ran from March 31st 2024, to April 2nd, 2024. ^[4]